Utah Partnership Limited Liability Partnership 2026

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  1. Click ‘Get Form’ to open the Utah Partnership Limited Liability Partnership document in the editor.
  2. Begin by entering the name of your partnership and its Employer Identification Number (EIN) in the designated fields.
  3. Fill in your physical and mailing addresses, including city, state, and ZIP code. Ensure accuracy for correspondence.
  4. Indicate whether your entity is a General or Limited Partnership or a Limited Liability Partnership by checking the appropriate box.
  5. Complete the section regarding partners/members who are not Utah residents. If all are residents, proceed to lines 2 through 5 only.
  6. Provide the date registered in Utah and, if applicable, the date of dissolution.
  7. Answer questions about income derived from Utah sources and attach necessary schedules if applicable.
  8. Calculate tax due based on provided income figures and ensure all calculations are accurate before submission.

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LLPs operate similarly to normal partnerships in terms of tax obligations, with the key distinction lying in the limited liability that extends only to the amount of investment made by the members.
A partner includes a partner or member of one of these entities. A partnership is not subject to Utah income tax. However, partners conducting business are liable for Utah income tax in their separate or individual capacities.
In a limited partnership (LP), at least one partner has unlimited liabilitythe general partner(s). The other partners (limited partners) have limited liability, meaning their personal assets typically cannot be used to satisfy business debts and liabilities.
Likewise, both are unincorporated business structures. The key distinction is that one partner, the general partner, manages the partnership and has unlimited liability for the partnerships debts. The limited partner is only liable for the amount invested in the partnership.
Limited partnerships are a form of partnership involving general partners, who are liable for all the debts and liabilities of the partnership, and limited partners, who are liable to the extent of their capital contribution to the partnership.